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In this video, Chris Peach from One Easy Credit Union explains credit union share certificates. A share certificate is a type of savings account that offers a fixed dividend or interest rate in exchange for a commitment to keep your money deposited for a specified term, usually ranging from three months to five years. This commitment allows for higher dividend rates compared to traditional savings accounts. Peach clarifies that share certificates are similar to certificates of deposit (CDs), with the primary distinction lying in the institution that offers them. Overall, share certificates provide a low-risk way to save money while earning a higher return.